Dollar General (DG) Stock Rating Upgraded by ValuEngine

Dollar General (NYSE:DG) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other equities analysts have also commented on the company. Zacks Investment Research raised Dollar General from a “hold” rating to a “strong-buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 6th. Telsey Advisory Group raised Dollar General from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $98.00 to $120.00 in a research report on Thursday, January 25th. Wells Fargo & Co raised Dollar General from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $102.27 to $117.00 in a research report on Tuesday, January 23rd. Oppenheimer began coverage on Dollar General in a research report on Wednesday, January 17th. They issued an “outperform” rating and a $112.00 price target for the company. Finally, Citigroup began coverage on Dollar General in a research report on Tuesday, January 16th. They issued an “outperform” rating and a $112.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Dollar General has an average rating of “Buy” and a consensus price target of $91.98.

Dollar General (DG) traded up $3.16 during trading hours on Thursday, reaching $98.26. 3,322,348 shares of the company traded hands, compared to its average volume of 2,255,137. The company has a market capitalization of $26,683.88, a PE ratio of 21.74, a P/E/G ratio of 1.63 and a beta of 1.00. Dollar General has a twelve month low of $65.97 and a twelve month high of $105.82. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. analysts predict that Dollar General will post 4.5 earnings per share for the current fiscal year.

In related news, EVP Robert D. Ravener sold 11,368 shares of Dollar General stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total value of $1,055,064.08. Following the completion of the sale, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $2,097,320.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael J. Kindy sold 7,536 shares of Dollar General stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the completion of the sale, the senior vice president now owns 7,578 shares of the company’s stock, valued at $686,869.92. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock valued at $1,924,881 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in DG. QS Investors LLC grew its stake in shares of Dollar General by 16.1% during the 2nd quarter. QS Investors LLC now owns 10,294 shares of the company’s stock valued at $742,000 after acquiring an additional 1,425 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Dollar General by 8.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,206 shares of the company’s stock valued at $5,278,000 after acquiring an additional 5,987 shares during the period. DF Dent & Co. Inc. bought a new position in shares of Dollar General during the 2nd quarter valued at approximately $207,000. Nomura Holdings Inc. grew its stake in shares of Dollar General by 221.9% during the 2nd quarter. Nomura Holdings Inc. now owns 19,941 shares of the company’s stock valued at $1,438,000 after acquiring an additional 13,747 shares during the period. Finally, Scotia Capital Inc. grew its stake in shares of Dollar General by 118.1% during the 2nd quarter. Scotia Capital Inc. now owns 22,960 shares of the company’s stock valued at $1,655,000 after acquiring an additional 12,434 shares during the period. Institutional investors own 90.29% of the company’s stock.

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About Dollar General

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Dollar General (NYSE:DG)

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